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IRDLC and RDLC are both types of documentary letters of credit. An IRDLC (Documentary Irrevocable Letter of Credit) can not be changed or canceled by the buyer. Payment must be issued by the buyers bank. These are very common. An RDLC (Documentary Revocable Letter of Credit) can be changed or canceled by the buyer at any time without notifying the seller. These are very rarely used.

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What does RDLC stands for in import and export trade?

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RDLC (Registered Documentary Letter of Credit) is a type of documentary credit that is typically used for domestic transactions and is often issued by banks to facilitate trade, ensuring payment upon the presentation of specified documents. SBLC (Standby Letter of Credit), on the other hand, serves as a backup payment mechanism, primarily used to guarantee a party’s obligations in case of default. While RDLC is more transactional, SBLC is often used in situations where performance guarantees are needed. In essence, RDLC is used for direct payment in trade, whereas SBLC provides assurance against non-performance.


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